Opinion – Monday 16 December 2024

U.S. Equity Markets closed mixed on Friday with notable outperformance in the NASDAQ 100 as tech was supported by a strong earnings report from Broadcom (AVGO), seeing the stock rally 24% and supporting the sector. Consumer Discretionary also performed well thanks to...

Opinion – Thursday 12 December 2024

U.S. Indices (S&P +0.8%, NASSAQ 100 +1.9% and RUSSELL 2000 +0.5%) saw broad-based gains on Wednesday with Communications, Consumer Discretionary, and Technology the sectorial outperformers and the former once again supported by Alphabet (GOOG) (+5.5%) strength....

Opinion – Wednesday 11 December 2024

The U.S. Dollar saw slight gains on Tuesday, albeit in pretty thin newsflow as participants await the pivotal US CPI report on Wednesday. In FX, Sterling and the Canadian Dollar were the relative G10 outperformers, while Antipodeans lagged and weighed on by the dovish...

Opinion – Tuesday 10 December 2024

U.S. Equity Markets Stocks ended Monday lower on all major Indices, with downside most notably in the NDX (-0.8%) as semiconductor weakness weighed on the tech-heavy index, due to China’s regulators opening an investigation into NVIDIA (NVDA, -2.6%) over a...

Opinion – Monday 9 December 2024

U.S. Equity Markets Stocks closed mostly firmer on Friday with both the S&P 500 and NASDAQ 100 notching their third consecutive positive week and rising to fresh records following the November US jobs report, which keeps the Fed on course to cut at the December...

Opinion – Thursday 5 December 2024

U.S. Equity Markets Stocks closed positive on Wednesday with outperformance in the NASDAQ 100 while the Russell 2000 again underperformed. The Nasdaq was supported by gains in Tech, Consumer Discretionary and Communication names, the outperforming sectors, while...

Opinion – Wednesday 4 December 2024

U.S. Equity Futures saw pressure in the US morning while T-notes caught a bid after South Korean President Yoon implemented martial law to clear out pro-North Korean elements. The move in stocks had started to pare and once it was clear the law would likely be...

Opinion – Tuesday 3 December 2024

The U.S. Dollar was strong to start the week, although pared some of its notable strength after dovish remarks from Fed’s Waller who noted he leans towards a December cut, which sparked modest upside in stocks/Treasuries and increased money market probabilities...

Opinion – Monday 2 December 2024

U.S. Equity Markets gained for the second consecutive trading session with both the Dow and S&P closing at new all-time highs. However the market did not close at their intra-day highs as the Dow fell 150 points off it’s 45070 high in the last 15 minutes of a...

Opinion – Thursday 28 November 2024

Stocks were primarily sold on Wednesday heading into the Thanksgiving holiday and on the last full trading day of month-end. There was notable underperformance in the NASDAQ after a slew of tech/software earnings stumbled after earnings (DELL, HPQ, ADSK, CRWD, WDAY)....

Opinion – Wednesday 27 November 2024

Price action in stocks was mixed, with large caps outperforming, driven by strength in Communications and particularly Utilities, while Materials and Energy lagged. Meanwhile, small caps, RUT -0.8%, were hurt by a higher US yield environment in response to resumed...

Opinion – Tuesday 26 November 2024

U.S. Equity Markets closed positive yesterday but well-off highs although the Russell made new all-time-highs, managing to hold onto the majority of gains while Treasuries bull flattened. The upside in both stocks and bonds was primarily a response to the...

Opinion – Monday 25 November 2024

U.S. Equity Markets primarily saw marginal gains on Friday, but small caps rallied with the Russell 2000 a clear outperformer. Outperformance was seen in Industrials, Consumer Discretionary and Financials while Communication, Utilities and Tech underperformed....

Opinion – Thursday 21 November 2024

U.S. Equity Markets ultimately closed mixed on Wednesday with markets chopping to geopolitics on a data light day ahead of NVDA earnings after-hours, although stocks did rally into the closing bell – closing well off lows. There had been some initial optimism in...